Demand for Wirecard Shares at an All-time High – Growth of up to 284%

Demand for Wirecard Shares at an All-time High – Growth of up to 284%

Google searches for “Wirecard stocks” have soared by up to 284% since December 2019. The DAX company’s shares have never been so popular as in May 2020, according to a new infographic from Kryptoszene.de.

Of all the securities listed in Germany’s most important stock index, Wirecard’s gains are the strongest over the past 10 years. The infographics also indicate that shareholders are experiencing swings in both directions. Whereas the volatility index of DAX companies ranks at 33 on average, the average for Wirecard is 105. Wirecard’s volatility exceeds the average by 218%.

Furthermore, it is becoming apparent that a high proportion of investors are speculating on falling prices. Hedge funds are relying heavily on this – with the share of short sellers across the total portfolio of publicly available Wirecard shares at 10.67%.

“Anyone who is sensitive to strong price fluctuations should thoroughly reconsider investing in Wirecard,” says cryptoscene analyst Raphael Lulay. “Although the company has proven its resilience in the past, the tide can turn at any time. High potential is offset by comparatively high risks”.